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![Provisions of Deemed Dividend does not attract If Loans & Advances in Normal Business benefits both Payer and Payee: ITAT [Read Order] Provisions of Deemed Dividend does not attract If Loans & Advances in Normal Business benefits both Payer and Payee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Deemed-Dividend-Normal-Business-Payer-Payee-ITAT-taxscan.jpeg)
Provisions of Deemed Dividend does not attract If Loans & Advances in Normal Business benefits both Payer and Payee: ITAT [Read Order]
Income Tax Appellate Tribunal (ITAT), Rajkot bench consisting of Waseem Ahmed, Accountant Member and T. R. Senthil Kumar, Judicial Member held that...



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![Charitable Trust engaged solely in Educational Purposes can avail Exemption under Income Tax Act: ITAT [Read Order] Charitable Trust engaged solely in Educational Purposes can avail Exemption under Income Tax Act: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Charitable-Trust-Educational-Purposes-avail-Exemption-Income-Tax-Act-ITAT-taxscan.jpg)
![Consideration received towards Software License Fee cannot be termed as Royalty: ITAT [Read Order] Consideration received towards Software License Fee cannot be termed as Royalty: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Consideration-Software-License-fee-Royalty-ITAT-taxscan.jpg)
![ITAT quashes Penalty imposed by AO for Non-Compliance of Section 274 [Read Order] ITAT quashes Penalty imposed by AO for Non-Compliance of Section 274 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/ITAT-penalty-AO-Section-274-Taxscan.jpg)
![Defect in Proper Notice u/s 274 vitiates the Assumption of Jurisdiction by AO: ITAT [Read Order] Defect in Proper Notice u/s 274 vitiates the Assumption of Jurisdiction by AO: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/notice-jurisdiction-AO-ITAT-taxscan.jpg)
![Insurance Subsidy received from Government Eligible for Deduction u/s 80IC: ITAT [Read Order] Insurance Subsidy received from Government Eligible for Deduction u/s 80IC: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Insurance-subsidy-Government-Eligible-deduction-ITAT-taxscan-.jpeg)
![Receipts in nature of Royalties not Taxable as per India-USA DTAA: ITAT [Read Order] Receipts in nature of Royalties not Taxable as per India-USA DTAA: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Royalties-Taxable-India-USA-DTAA-ITAT-Taxscan.jpg)
![Arrears of Interest already offered to Tax cannot be treated as Cash Credit: ITAT [Read Order] Arrears of Interest already offered to Tax cannot be treated as Cash Credit: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Arrears-of-Interest-Tax-Arrears-Cash-Credit-ITAT-ITAT-Mumbai-Taxscan.jpeg)
![Amount invested in Capital Gain Scheme is not subject to Tax in the Year of Investment: ITAT [Read Order] Amount invested in Capital Gain Scheme is not subject to Tax in the Year of Investment: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Amount-invested-Capital-Gain-Scheme-Tax-Investment-ITAT.jpg)
![CPC has No Jurisdiction of Prima-Facie Adjustment u/s 143(1) of Income Tax Act when there are Judicial Decisions favouring Assessee: ITAT [Read Order] CPC has No Jurisdiction of Prima-Facie Adjustment u/s 143(1) of Income Tax Act when there are Judicial Decisions favouring Assessee: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/CPC-Jurisdiction-Prima-Facie-Adjustment-Income-Tax-Act-Assessee-ITAT-taxscan.jpg)
![No Royalty on Licensing of Software: Delhi HC dismisses Appeal against Microsoft [Read Order] No Royalty on Licensing of Software: Delhi HC dismisses Appeal against Microsoft [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/05/Royalty-Licensing-Software-Delhi-High-Court-Appeal-Microsoft-Taxscan.jpeg)